News You Should Know: Americans More Optimistic About Retirement, Survey Finds

Fewer People Think Retirement Will ‘Take a Miracle,’ Report Finds. But Inflation Worries Persist | CNBC

A recent survey found Americans are feeling more optimistic about retirement. The survey found that 21% of respondents felt like it would take “a miracle” to enjoy a secure retirement, down from more than 40% who said so in 2021. The survey also found generational differences in expected retirement age, with millennials planning to retire in their early 60s and baby boomers who are not yet retired expecting to work until 70.

They’re Back — Congress Returns, But Will We See Any Retirement Legislation? | National Association of Plan Advisors

Congressional lawmakers are back at work following the summer recess. There’s a long list of legislative issues to tackle, including federal spending. Here are some of the retirement-related issues that lawmakers might take up this session.

IRS Assesses $162 Million in Penalties over False Tax Credit Claims Tied to Social Media | Internal Revenue Service

Be careful where you get your tax advice—the IRS says it’s collected $162 million in penalties from thousands of people who fell for fraudulent tax return tips on social media. Officials say they’ve seen a significant increase in fraudsters posing as experts online and encouraging people to claim tax credits they’re not actually eligible for.

As Falling Deaths Rise for Older Adults, How Home Safety Can Make a Difference | Denver7

Taking a fall can be increasingly dangerous as we age, and government statistics show an increase in fatal falls in recent years. Many of those falls happen at home, and a little bit of preventive maintenance to remove potential hazards can go a long way in making a home safer for its aging residents.

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News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.